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India Polymer Additives Market Outlook to 2022: Ken Research

India Polymer Additives Market Research Report

The report titled “India Polymer Additives Market by Type (Stabilizers, Plasticizers, Antioxidants, Flame Retardants and Modifiers), by Application (PVC, Polyolefin and Other) – Outlook to 2022” provides a comprehensive analysis of Stabilizers, Plasticizers, Antioxidants, Flame Retardants and Modifiers additives market in India. The report covers market size of polymer additives on the basis of revenue and consumption, segmentation on the basis of type of polymer additive and application. For antioxidant additive market, it covers market size, segmentation on the basis of type of antioxidants, by application, by market structure, by import and domestic production, market share of major players and future outlook and projections.

The report facilitate the readers with the identification and in-depth analysis of the existing and future trends, issues and challenges prevalent in the industry and anticipated growth in the future depending upon changing industry dynamics in coming years. The report is useful for polymer additive manufacturers, traders, importers and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.

Industry Overview

The polymer additives market in India has seen a steady and consistent growth in the past few years. During 2012-2017, the polymer additives market has showcased a remarkable growth at a CAGR of ~%. The rise in consumption of polymer products and strengthening of the manufacturing sector in India has been the key drivers of this growth. The market in India is largely organized and consists of global leaders of the industry and indigenous producers that have been major players in the market from a long time.

Market Segmentation of India Polymer Additives Market

Plasticizers dominated the Indian market contributing around ~% (by Volume) of the total consumption of polymers additives in FY’2017 and ~% share of the market revenue. Stabilizers are the second most consumed polymer additive in the market with around ~% of the total consumption volume and ~% share of the total revenue of the market in FY’2017. Antioxidants, Modifiers and Flame retardants are consumed in lesser quantities and have a revenue share of ~%, ~% and ~% respectively in FY’2017.

Plasticizers Additives Market

Plasticizers contributed a total revenue of INR ~ million i.e. ~% of the total additives market, while the consumption was ~ tonnes which stands at ~% of the total consumption. The market is largely dominated by KLJ Group, Payal Group and Amines Plasticizers along with some other international players. Primary plasticizers especially phthalate based dominate the plasticizers market. Of the total consumption of plasticizers ~% is of primary plasticizers, ~% is of chlorinated plasticizers while the rest ~% is of epoxy plasticizers. The major applications for plasticizers are construction, flooring, carpets and medical equipments. Approx. ~% of the total plasticizers used in India is domestically produced and ~% is imported, mainly from China.

Stabilizers Additives Market

Their total consumption of Stabilizers Additives is about ~ tonnes which contributed ~% of the total additive consumption in FY’2017. The total revenue share of stabilizers in the Indian polymer additive market in FY’2017 is ~% which amounts to INR ~ million. Lead based stabilizers are the most popular in the market because of their wide applications and cheaper cost. They constitute ~% of the total stabilizers market. The current consumption of calcium based stabilizers is around ~% of the total stabilizer consumption in India. Around ~% of stabilizer market is organized and the rest ~% is unorganized. The major players dealing in the stabilizers market are Baerlocher India, Adeka India, and Suvarana Additives. In FY’2017, ~% of the total revenue of the stabilizers market came from the wires and cables industry, followed by engineering plastic which constitutes ~% and white goods industry constituting ~% of the total revenue of the stabilizers market in India.

Antioxidants Additives Market

The consumption of antioxidants in India is ~% of the total consumption of the additives market and they contributed around ~% of the total revenue of the additives market in India which amounted to INR ~ million. Antioxidants based on Phosphite are the most commonly used in the Indian market. The players that dominated the market in FY’2017 included BASF, HPL Additives and Adeka India. Engineering plastic, automotive, water treatment and corrosion inhibitors are the major applications for polymers made by adding antioxidants. Around ~% of the market is organized with ~% domestic production and the rest ~% is imported.

Flame Retardant Additives Market

The total consumption of flame retardants is ~tonnes which constituted around ~% of the total polymer additives market in India in FY’2017. In the same year, the revenue share was INR ~ million which is ~% of the total revenue of the additives market. Flame retardants have their application majorly in the construction industry. The companies dealing in flame retardants in India are largely organized with imports dominating the market. Major types include retardants based on Halogens, Phosphite, Antimony Oxide and ATH out of which ATH is the most prominently used in India. Standards have been issued by the BIS limiting the use of halogenated flame retardants, especially bromine based.

Modifiers Additives Market

In FY’2017, modifiers constituted around of the polymer additives market revenue in India. The consumption was around ~ tonnes in FY’2017. In the same year the consumption of impact modifiers was around ~% of the total consumption of the modifiers market and that of processing aids was the rest ~%.

Competitive Landscape

The market largely consists of organized players with some mature indigenous companies and some MNCs which are leaders of the industry on the global level. Companies such as BASF, Baerlocher, Adeka Corporation deal in a wide range of additives in the Indian market and the Indian companies including HPL additives, KLJ Group, Payal Group have specialty in manufacturing a certain type of additive and do not manufacture or trade the entire spectrum of polymer additives. There are a large number of unorganized players in the market that majorly deal in importing and trading of polymer additives. Companies majorly compete on the basis of price and quality of the additive.

Future Potential of India Polymer Additives Market

The strong local market that India possesses is expected to catapult the growth in the industrial sector. As a result the total revenue of the polymer additive industry in India has been anticipated to grow from INR ~million to INR ~million between FY’2018 to FY’2022 with a CAGR of ~%. Government initiatives such as “Make in India” are expected to boost the manufacturing sector in India tremendously which will further support the growth in the domestic production of polymer additives. Rapidly changing technology and product innovation along with compliance to environmental and health norms will demand for newer additives to be developed as per the requirement of the application.

Key Topics Covered in the Report:

India Polymer Additives Market Overview and Genesis

Value Chain Analysis in India Polymer Additives Market

India Polymer Additives Market Size

India Polymer Additives Market Segmentation

India Antioxidants Market-

India Stabilizers Market

India Plasticizers Market

India Flame Retardants Market

India Modifiers Market

Decision Making Parameters before Buying Polymer Additives in India

Government Regulations in India Polymer Additives Market

Trends and Developments in India Polymer Additives Market

Issues and Challenges in India Polymer Additives Market

Porter Five Forces Analysis in India Polymer Additives Market

Entry Barriers in India Polymer Additives Market

Competitive Landscape of Major Players in India Polymer Additives Market

India Polymer Additives Market future Outlook and Projections

Macroeconomic Factors in India Polymer Additives Market

For more information on the market research report please refer to the below link:

https://www.kenresearch.com/metal-mining-and-chemicals/chemicals/india-polymer-additives-market/142294-101.html

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https://www.kenresearch.com/metal-mining-and-chemicals/chemicals/asia-polymer-corporation-1308/19160-101.html

Contact:         

Ken Research

Ankur Gupta, Head Marketing & Communications

[email protected]

+91-124-4230204



This post first appeared on Research News Today: Press Release Submission Site, India Global, please read the originial post: here

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